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Advantages of Mainland Branch Formation – Forming a mainland branch in Dubai offers several advantages for companies looking to expand their operations in the UAE:
Opening a branch company in Dubai involves a structured process that allows an existing company to expand its operations into the UAE. Here are the key steps involved
Determine Business Activity
Identify the business activities that the branch will undertake, ensuring they align with the parent company’s operations and comply with UAE regulations.
Trade Name Reservation
Choose a suitable trade name for the branch and reserve it with the Department of Economic Development (DED).
Local Agent Appointment
Obtain Initial Approval
Submit the required documents, including the parent company’s registration and incorporation certificates, a board resolution, and power of attorney, to the DED for initial approval.
Lease Office Space
Secure a physical office space in Dubai and obtain a tenancy contract and Ejari certificate.
Apply for Licenses
Submit the final application to the DED, including the local agent agreement, office lease, and notarized documents, to obtain the branch license.
Register with Authorities
Register the branch with the Ministry of Economy and other relevant authorities to comply with regulatory requirements.
Open Bank Account
Open a corporate bank account in Dubai to facilitate financial transactions.